Nandkishor Sir, on last day of subscription I wanted to say that... your original decision of applying in this was correct...I have also mentioned listing gain could be not more than 10-15%... person which you got influenced and cancelled your asba application...that person is fake... I always follow below members on this forum... sometimes not all members on same page...I do feel they are genuine people and here for correct guidance... EgaleEye mam Harit Sir Aniket sir Rajakumar Ji KingVinod Ji Amit Sir
@Krishna sir I had appetite for 3 lots but could only get 2 lots. it's good atleast I didn't miss the train. I will hold those shares for long term. It may become another Dixon/dmart like stock.
Good that you changed your decision, and approved UPI mandate. Nothing wrong with this company performance except Chinese promoters. With very low number of retail share holders, selling even on listing day will be easily absorbed by institutions. For medium and long term company is best to invest.
Yes Ganesh sir, I was very bullish on this IPO from starting. That's why I decided to accept it. Being a Chinese company does not matter to me because SEBI has approved this IPO.
one more doubt, If i place bid of 100 shares for buyback on the first day of window, and I know that acceptance rate is 50%, so can i sell 50 shares in the open market on next day of bid?
344.6. P Patel| Link| Bookmark|
November 13, 2020 1:02:37 PM
IPO Mentor (900+ Posts, 900+ Likes)
Nope, you can't sell 50 next day of bid as your shares will be debited/lock from your DP during bidding time. After acceptance, remaining shares will be credit/unlock back in your DP account.
341.1. Eagleye| Link| Bookmark|
November 12, 2020 11:19:21 AM
IPO Guru (6600+ Posts, 21900+ Likes)
????????Superb work ????????
341.2. rsk| Link| Bookmark|
November 12, 2020 11:29:45 AM
IPO Mentor (600+ Posts, 300+ Likes)
Lol, Name sounds like Chinese, ppl may not trust you
341.3. P Patel| Link| Bookmark|
November 12, 2020 11:46:10 AM
IPO Mentor (900+ Posts, 900+ Likes)
Good and very clear calculation. Though had question arise in my mind...
1) Did FII purchase till their full limit on very first day of limit? 2) FII are very much sensitive towards valuation. 3) FII may wait for price to be settle down as NII and RII has given poor response and there will be no demand from both on listing day. 4) If valuations are very much attractive for FII, they might have approach directly to promoters for direct investment instead of OFS. I understand promotors might see value unlocking by listing the shares.
This all are my personal thoughts and personally I think valuations are higher side and I won't regret by not applied in this.
341.4. rsk| Link| Bookmark|
November 12, 2020 11:57:24 AM
IPO Mentor (600+ Posts, 300+ Likes)
2) FII are very much sensitive towards valuation. This is a joke.
341.6. Venkatram| Link| Bookmark|
November 13, 2020 6:29:43 AM
Top Contributor (300+ Posts, 100+ Likes)
For people worrying about FII and valuations, they work by benchmarking companies with global peers and if the global peers are trading at a much higher valuation with no specific reasons for a discount to Gland then they will assign the same valuation to it. Also when you invest in USD why will sweat a couple of cents? They will invest as long as the valuation is attractive to listed global peers.
340. rsk| Link| Bookmark|
November 13, 2020 6:23:19 AM
IPO Mentor (600+ Posts, 300+ Likes)
Never fully trusted in GMP and Over subscription as an indication of how good/bad the issue is. (you need to use a factor to tweak your own GMP) I believe both are interlinked and manipulated. We have seen this in two most recent IPOs > Chemcon and Mazdock.
There is no need to distinguish between investor categories > basically most are speculators. (Gud and makkhi analogy)
Gland is mostly a B2B model, is like Foxcon (Apple), TSMC (Apple/Broadcom/Qualcom supplier) foundry, or locally like Dixon which does white goods contract manufacturing.
While 15000 is a long stretch, it can emulate Divis, Alkem or Dr Reddy kind of interest/valuations in time to come.